Rathbones Group (LON:RAT) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Rathbones Group shares surpassed a 200-day moving average during trading, reaching a high of GBX 1,788 ($24.32) and last trading at GBX 1,780 ($24.21).
• Analyst consensus gives Rathbones Group a rating of "Moderate Buy" with a price target of approximately GBX 2,095.67, with some brokerages issuing price objectives as high as GBX 2,200.
• Recent insider activity includes Clive Bannister purchasing 12,500 shares at GBX 1,929 each, contributing to a total of 12,548 shares acquired by insiders worth over $24 million in the last ninety days.

Rathbones Group Plc (LON:RAT - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,702.40 ($22.94) and traded as high as GBX 1,788 ($24.09). Rathbones Group shares last traded at GBX 1,780 ($23.98), with a volume of 86,464 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Shore Capital reissued a "buy" rating and issued a GBX 2,200 price target on shares of Rathbones Group in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 2,000 price target on shares of Rathbones Group in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Rathbones Group presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,095.67.

Rathbones Group Price Performance

The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87. The company has a market capitalization of £1.91 billion, a P/E ratio of 3,065.99, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The company has a 50-day moving average of GBX 1,866.66 and a two-hundred day moving average of GBX 1,706.

Rathbones Group (LON:RAT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX 75.60 earnings per share (EPS) for the quarter. Rathbones Group had a return on equity of 4.66% and a net margin of 7.25%. On average, research analysts predict that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Insider Transactions at Rathbones Group

In related news, insider Clive Bannister acquired 12,500 shares of the stock in a transaction on Friday, August 1st. The stock was acquired at an average price of GBX 1,929 per share, for a total transaction of £241,125. Insiders acquired a total of 12,548 shares of company stock worth $24,200,212 in the last three months. 1.41% of the stock is currently owned by insiders.

Rathbones Group Company Profile